News
Diebold announces new ATM card skimming detection technology
November 15, 2007
NORTH CANTON, Ohio - As an outgrowth of its Global Security Task Force research and development program, Diebold Inc. has released Advanced Skimming Detection technology for ATMs. This fraud-deterrence technology engineered into Diebold's Opteva ATMs is the most effective method to guard against card skimming, the act of retrieving consumers' account information from their ATM card magnetic strips via a fraudulent device illegally attached to an ATM. According to Celent research analyst Red Gillen, total skimming losses account for about $1.2 billion a year worldwide.
An element of Diebold's S.A.F.E. ATM, the detector features a highly sophisticated proprietary detection algorithm that allows the sensor to discriminate between different types of skimmers, environmental factors and cardholder activity and ultimately reduce false alarms. Ken Justice, Diebold vice president of global self-service marketing and management, said that when a skimmer is attached to an ATM, the new detector sends out an alert, which financial institutions can direct to either the branch alarm system or to the ATM network monitoring system.
The skimming detection technology, together with the card reader's outer design, confronts criminals with multiple defense mechanisms, including an anti-skimming bezel with deterrence protrusion, lead-through indicator lights and jitter technology with speed control for card insertion and return.
"In tracking ATM fraud from the North American market to Europe, the Middle East and Africa and beyond, we're finding that criminals are becoming increasingly hesitant to even attempt to attach a skimming device to a Diebold Opteva ATM because they are privy to the fact that our technology will stop them in their tracks," Justice said.
Included In This Story
Diebold Nixdorf
As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.
Request Info
Learn MoreRelated Media
Subscribe
Get the latest news and resources from ATM Marketplace.
Recent Posts
Nymeo Federal Credit Union wins recognition as 1 of the best workplaces in Maryland
ParaScript intros verification solution for checks
SEC accuses former ATM businessman Daryl Heller of funneling $185M from investors
Fifth Third named as top veteran friendly employer
DC AG sues Bitcoin ATM operator Athena Bitcoin for allegedly exploiting scam victims
